Economics

OPEC, Russia Agree to Cut Oil Production

December 10, 2018 at 12:10 AM

Oil ministers from OPEC, Russia and other producers have agreed to reduce their collective output by 1.2 million barrels of crude per day in an effort to bolster petroleum prices.

U.S. Fuel Prices Fall To Record Low for the Year

December 07, 2018 at 1:06 AM

The average price of regular-grade gasoline in the U.S. fell to $2.44 per gallon this week, its lowest this year, AAA reports.

Success for NAFTA Update Hinges on Compromise

December 06, 2018 at 10:51 AM

Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.

Qatar Quits OPEC Oil Cartel

December 04, 2018 at 12:50 AM

Qatar, the world’s largest exporter of liquified natural gas, says it will quit the Organization of the Petroleum Exporting Countries in January.

Trump Threatens to Pull Out of NAFTA Ahead of New Pact

December 03, 2018 at 12:29 AM

President Donald Trump says he will terminate U.S. participation in the North American Free Trade Agreement “shortly,” thereby giving Congress six months in which to ratify a proposed replacement.

U.S., China Call Truce in Trade War

December 03, 2018 at 12:11 AM

The U.S. and China have to freeze tariffs on each other’s goods for the next three months.

U.S. Tariffs Continue on Steel, Aluminum from Canada and Mexico

November 30, 2018 at 2:07 PM

The new regional trade deal by Canada, Mexico and the U.S. has not lifted the tariffs of 25% on steel and 10% aluminum imposed by the Trump administration in May.

Canada, Mexico, U.S. Sign New Trade Pact

November 30, 2018 at 12:56 PM

Today the leaders of the U.S., Canada and Mexico signed a trade pact intended to succeed the North American Free Trade Agreement.

German Carmakers, Trump Administration to Meet Next Week

November 30, 2018 at 12:24 AM

Top executives from BMW, Daimler and Volkswagen are expected to discuss trade policy with the Trump administration next week, perhaps on Tuesday.

White House Threatens 40% Tariffs on Chinese Cars

November 29, 2018 at 12:31 AM

The Trump administration is looking at options to match its import tariffs on cars from China to the 40% rate levied by China on vehicles from the U.S.

Worst-Case Brexit Could Push U.K. into Deep Recession

November 28, 2018 at 5:48 PM

Two reports today say the U.K. will be worse off economically no matter how it exits the European Union next spring.

EU: No Last-Minute Effort to Avert U.S. Tariffs on Cars

November 28, 2018 at 11:06 AM

The European Union denies a German media report that its chief trade negotiator plans to meet with her counterparts in Washington, D.C., this week to avert U.S. tariffs on imported cars.